California
The State of California requires the collection of sales taxes on specific products sold by Registry Coins and shipped to a California address. These taxes must be collected on (1) nonmonetized bullion made from copper, platinum, or palladium; (2) gold or silver bullion, whether monetized or nonmonetized, or numismatic coins, provided the total value of a single sales transaction does not exceed $2,000; (3) accessory items; and (4) processed items. All other products sold by Registry Coins are exempt from these taxes.
The following definitions apply to products subject to tax collection in California:
Nonmonetized Bullion: Bullion that has been smelted or refined, with a value primarily based on its precious metal content rather than its form.
Monetized Bullion: Coins or other forms of money made from gold, silver, or other metals that have been used, or are currently used, as a medium of exchange in accordance with the regulations of California, the United States, or other countries. Monetized bullion must hold a legal status comparable to legal tender.
Numismatic Coins: Coins that hold value above their intrinsic precious metal content due to factors such as rarity, condition, age, or other external influences.
Single Sales Transaction: Defined per invoice and not on a line-item basis.
Accessory Items: Products such as holders, tubes, coin flips, and apparel.
Processed Items: Refined precious metals transformed by third parties into objects valued for qualities beyond their metal content, such as colorized coins or statues.
Use taxes in California are calculated at checkout on the Registry Coins website based on (1) the taxability of items sold by Registry Coins in California as outlined above, and (2) the specific tax rates set by the taxing jurisdiction at the delivery location in California.
Registry Coins began collecting use taxes in California on May 1, 2024. Our use tax license number in California is 244783264.
If you are a California-based reseller and wish to submit a Reseller Certificate to Registry Coins, please download the California Reseller Certificate form here. Once you have completed the form, you can either email it to Contact@RegistryCoins.com or mail it to Registry Coins, 11700 Preston Road, Suite 660153, Dallas, TX 75230. After we receive your completed Reseller Certificate, we will add it to our system. As long as your Reseller Certificate remains valid and active, you will not be charged sales tax on future orders.
Please note: This summary does not cover all aspects of sales tax laws and requirements in the State of California. It is intended to provide a general overview of the relevant laws and requirements for transactions with Registry Coins in the state. For further information on California sales tax laws, we recommend visiting the California Tax Service Center at https://www.taxes.ca.gov/.